Creative Realities Acquires Warrant to Buy 1.73M Common Shares For $200K Held By Slipstream Communications
Benzinga Newsdesk 8 months ago
News
Creative Realities, Inc. ("Creative Realities," "CRI," or the "Company") (NASDAQ: CREX), a leading provider of digital signage, media and AdTech solutions, today announced that it repurchased the warrant (the "Warrant")
Creative Realities, Inc. ("Creative Realities," "CRI," or the "Company") (NASDAQ: CREX), a leading provider of digital signage, media and AdTech solutions, today announced that it repurchased the warrant (the "Warrant") to purchase 1,731,499 shares of the Company's common stock held by Slipstream Communications, LLC ("Slipstream") for an aggregate repurchase price of $200,000. The Company initially issued the Warrant to Slipstream in 2022 in connection with a credit facility provided by Slipstream to the Company, which was subsequently amended and restated twice – June 30, 2022 and October 17, 2024. The Warrant was exercisable for up to an aggregate of 1,731,499 shares of the Company's common stock at an exercise price of $6.00.